Question
Key figures for Apple and Google follow. $ millions Apple Google Current Year 1 Year Prior 2 Years Prior Current Year 1 Year Prior 2
Key figures for Apple and Google follow. $ millions Apple Google Current Year 1 Year Prior 2 Years Prior Current Year 1 Year Prior 2 Years Prior Operating cash flows $ 69,391 $ 77,434 $ 64,225 $ 54,520 $ 47,971 $ 37,091 Total assets 338,516 365,725 375,319 275,909 232,792 197,295 Required: 1. Compute the recent two years cash flow on total assets ratios for Apple and Google. 2. For the current year, which company has the better cash flow on total assets ratio? 3. For the current year, does cash flow on total assets outperform or underperform the industry (assumed) average of 15% for (a) Apple and (b) Google?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started